The Broadway, Newbury, West Berkshire, RG14 1AS
Investment For Sale
3,000 Sq Ft (278.7 Sq M)
Freehold: £650,000 for sale
Shane Prater
shane@quintons.co.ukTom Price
tom@quintons.co.ukDescription
The property comprises a rare unbroken mixed use investment set within a Grade II listed property arranged over ground, first and second floors
The property includes two retail units and 4 residential apartments (3 x 1-bedroomed and 1 x 2-bedroomed)
The ground floor retail units are let to a coffee shop (lease from 11/10/2024 for 10 years with rent reviews every 3 years) and beautician (lease from 25/03/2025 for 3 years) with the 4 apartments all let on 12 month residential tenancies.
The commercial elements of the property generate £21,000 per annum exclusive (£10,500 per unit), whilst the 4 flats generate an annual income of £45,600 per annum. Property Total £66,600 per annum.
Location
The property is situated on The Broadway, Newbury. Nearby occupiers include Dominos Pizza, Co-Op, and Roderick Anthony Hairdressors.
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